Sierte(SZ:002538) Shang Hai Zheng Quan Bao·2025-11-11 19:22Overview - The company, Anhui Sierte Fertilizer Co., Ltd., is adjusting the organizational structure of its wholly-owned subsidiary, Anhui Sierte Fertilizer Technology Co., Ltd., to address long-standing issues of functional duplication between its subsidiaries [1][2]. Organizational Adjustment - The adjustment involves the establishment of a new wholly-owned subsidiary to take over the assets, liabilities, personnel, and business of the existing subsidiaries [1]. - The new subsidiary's name and business scope will be subject to approval by market supervision authorities [2]. Asset Transfer Plan - The company will transfer the land use rights and all assets and liabilities of the existing subsidiaries to the newly established subsidiary [1]. - The remaining terms of the land use rights for three plots used by the subsidiary will be aligned and new ownership certificates will be processed [2]. Impact on the Company - The adjustment will not result in substantial changes to the business or personnel of the company and its subsidiaries, ensuring normal operations continue [2]. - This restructuring aims to resolve overlapping organizational issues that have persisted for nearly two decades, benefiting the company's long-term development and protecting shareholder interests [2]. - The adjustment aligns with the company's management requirements and will require relevant approvals for production, sales, environmental, and management qualifications [2].